Retirement Industry People Moves
T. Rowe Price announces Shen as Chief Data Officer; New York Life Appoints Tillotson as Chief Compliance Officer; O'Brien named...
Tag: 401(k) plans
Retirement Saving Hardest Financial Habit for Homes to Adopt
Hearts & Wallets finds just 43% of households have a habit of retirement saving, even as financial wellness tools and...
Financial Education Gap Remains Even as Provider Offerings Improve
Financial illiteracy may be costing the average American $1,819 per year, even as educational guidance and tools are advancing.
Personalization Push Heightens Need for Advisers to Vet Cybersecurity
As advisers seek more participant personalization from retirement recordkeepers, they also need to ramp up their focus on cybersecurity from...
Carson Partners with “Conflict Free” Vestwell on 401(k) Offering
Vestwell will provide financial advisory Carson Group with small and midsize business 401(k) and 403(b) plan programs for its investment...
Experts: More Hackers Going After Retirement Savings
Cybersecurity experts say they see an increase in theft of participant data from retirement plans, and warn about scams in...
Judge Recommends Dropping Most of $4.2B Retirement Plan Suit Against Nestlé
A U.S. District Court judge sided with Nestlé’s motion to dismiss most of the claims in a 401(k) class action...
Retirement Account Balances Down 21% or More in Q3, Fidelity Data Shows
Data from more than 35 million participants in Fidelity accounts shows a steep hit to balances during the market downturn,...
Retirement Plans Still Vital in Talent War to Retain Employees
Research from Voya finds U.S. workers still value a retirement plan about as much as a flexible work arrangement. Ubiquity...
DOL Rejects ForUsAll’s ‘Tactical Retreat’ in Crypto Retirement Case
The DOL shot back at 401(k) provider ForUsAll’s offer to drop its suit if the court confirmed a DOL warning...
Data Points
An Adviser’s Value
Most plan sponsors agree that a dedicated adviser delivers better outcomes.
Huntington National Bank, PAi Partner on 401(k) Solution
The new solution will help to promote plan participation and engagement.
The Effects of Consistent 401(k) Participation
According to EBRI, the average account balance increased at a compound annual average growth rate of 15.6% from 2010 to...
Ubiquity Adds 3(16) Services to Select 401(k) Products, Announces Partnership
Ubiquity says its new 3(16) services will allow it to take on heavily regulated fiduciary responsibility, while it will receive business referrals from Paycor to provide retirement benefit...
How Plan Sponsors Feel About Financial Advisers
For plan sponsors, having dedicated financial advisers to help with investment oversight brings added peace of mind, a survey says.
Small Plan Fee Considerations
The expenses paid by the smallest plans have dropped over the years, but they still pay more on a percentage...
ESOPs Benefit Plan Sponsors and Participants
Research examines how employee stock ownership plans have helped workers and employers alike throughout the COVID-19 pandemic.
PPL Corp. and Mass Brigham General Face ERISA Lawsuits
Imprudent investments and excessive fees were themes of lawsuits filed last week against retirement plan fiduciaries.
Sharebuilder 401k Waiving Set-Up Fees for New 401(k) Plans
The firm offers a resource to inform employers of the top tax benefits in starting a 401(k) plan.
GSAM, Ascensus Partner on Solution for Small and Midsized Businesses
The firms say it gives companies access to asset management, retirement expertise and guidance for employees via a technology platform.